LS Flynn & Associates help IDN realign lab services with $2.3M in savings and potential added revenue of nearly $12M
Laboratory services at a six-hospital network in the northeast faced a number of challenges. There was excessive duplication of services, especially equipment and personnel. Cost per test was significantly higher than that of peers. There was sizable leakage of tests from owned physician practices. In general, laboratory services need to be much more efficient and effective to be successful in value-based purchasing.
Consultants help IDN realign lab services with $1.2M in savings and potential added revenue of $6M to $7M
A six-hospital healthcare system in the southeast launched a project to align its laboratory services with its brand promise as an integrated delivery network and to support its migration to an accountable-care organization model.